James F. Boris, III Joins Centerline Capital Group to Expand FHA Lending Platform
— Joins Firm as Director, Affordable Housing Debt —
New York, NY — April 22, 2013 — Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company, announced today that James F. Boris, III has joined the firm to expand its FHA lending platform. Mr. Boris has extensive experience in financing multifamily and senior living communities across the country.
Named Director in the Affordable Housing Debt division, Boris will operate out of Centerline’s Chicago office and will report to Philip Melton, Senior Managing Director. He will be responsible for originating and closing loans nationwide.
“James brings more than 20 years of FHA experience as well as solid industry and FHA office relationships to his new role at Centerline,” commented Melton. “Our team has a deep understanding of the challenges facing property owners and investors today and is expert at providing the financing solutions they need. We're very excited to have James join the team, as he truly complements our capabilities.”
Prior to joining Centerline, Boris was the Founder and Chief Executive Officer of Illinois-based Paradise Senior Communities, LLC, a firm that managed luxury, private pay assisted living and memory care facilities located throughout suburban Chicago. Before that he was Founder and Managing Member of Tanzanite Development Company, LLC, a company that strategically acquired and re-zoned sites for senior housing developments.
Earlier in his career, Boris held key positions with American Mortgage Solutions, LLC, Arbor Commercial Mortgage, LLC, GMAC Commercial Mortgage Corporation, Cambridge Realty Capital and Coldwell Banker.
He earned a Bachelor of Business Administration with a focus in real estate and finance from Eastern New Mexico University.
About Centerline Capital Group
Centerline Capital Group, a subsidiary of Centerline Holding Company, provides real estate financing and asset management services focused on affordable and conventional multifamily housing. We offer a range of both debt financing and equity investment products, as well as asset management services to developers, owners, and investors. An industry leader, Centerline is structured to originate, underwrite, service, manage, refinance or sell through all phases of an asset’s life cycle. A leading sponsor of Low-Income Housing Tax Credit (LIHTC) funds, Centerline has raised more than $10 billion in equity across 137 funds, and invested in over 1,600 assets spanning 47 states. The firm’s multifamily lending platform services more than $12.2 billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 220 employees in 14 locations throughout the United States. A strategic partner of Island Capital, Centerline is organized around three business units: Mortgage Banking, Affordable Housing Debt, and Affordable Multifamily Housing. To learn more about Centerline, visit www.centerline.com.